Now you can pay highway tolls using Bitcoin - page 2.

stompix

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Quote from: pealr12 on September 21, 2021, 10:49:02 PM

And you will rather post incorrectly before checking the source because you don't click link from newbies, instead of guessing so much just to fill your post it won't take more than a second to click the link and see the country which implemented it, you just spam post without any reasonable information.

Rather than lashing at the user questioning the links, a normal thing to do and one everybody should consider before clicking URLs posted by random newbie you should direct your anger at the OP who posted two lines and a link, without giving any info or even better, post the text of the article yourself so that nobody is forced to click on a link to read the news.

Anyhow, this is the important part

Quote

"The platform facilitates electronic toll deductions without the hassles of waiting in queues. With this newly introduced feature, one can get smooth access to this service. The app user needs to deposit or purchase Bitcoin in the Unocoin Wallet along with a pre-secured FASTag sticker to avail of this facility," Unocoin said in a statement.

So no, it's not like you can scan a QR code at the toll booth and pay via LN, you have to deposit coins in a custodial wallet, then add whatever that fast tag info is, and then as you pay with your coins they will be exchanged to fiat and the NHAI will receive the payment.

leea-1334

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So it talks about Unocoin behind this,,, which is an exchange and the article actually claims it is one of the earliest exchanges in India. For me, never heard of them but I am not in India so cannot say but everybody heard about WazirX Wink

I still think these kinds of apps are unnecessary. Why would someone pay their toll in a less convenient way than just using their existing Rs?

cheezcarls

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Quote from: bnntalk on September 21, 2021, 09:33:02 PM

Here is really a good news for us .With the new FASTag feature, users can choose among 17 operators and enter the vehicle registration number and FASTag top-up amount, which can be anywhere between Rs 100 to Rs 10,000 worth of Bitcoin.

source @yourstory

I remember the time before the pandemic that I was paying toll fee while living in the capital of the Philippines when riding taxi or Grab Car. It's a good thing that in your area that they are accepting Bitcoin as payment option for the toll fee. But are they using the Lightning Network for that?

witcher_sense

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Quote from: Poker Player on September 22, 2021, 01:02:22 AM

Yes, I know that many here on the forum dream of Bitcoin being massively adopted with everyone having their own private keys, without using custodial services and taking great care of privacy, but it seems to me that this is not going to be the case. If the majority of people move to using it, they are not going to do it like the tech savant on the forum.

Anyway, I also think this is good because popularizes Bitcoin on a day-to-day basis and helps mass adoption, albeit with third parties, but the OP could have already put the country in which country this happens in the title.

It is true most people don't care about self-sovereignty, privacy, and even dignity. They will still be purchasing new iPhones despite announcements Apple will scan through users' dirty photos. They will readily be using bitcoin with the assistance of unnecessary intermediaries despite thousands of opportunities bitcoin offers to escape such unproductive and unsafe collaboration. But still. At least, on this forum, which was created by Satoshi Nakamoto, we shouldn't be promoting the wrong ways of using the Bitcoin network or questionable facilitating bitcoin payments via intermediaries. When you see news like that one above, where some exchange takes your bitcoin and gives you permission to pay for something, you should at least ask questions and point out the issues this approach to using bitcoin incorporates.

Poker Player

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Quote from: witcher_sense on September 22, 2021, 12:57:42 AM

Quote from: bnntalk on September 21, 2021, 09:33:02 PM

Here is really a good news for us .With the new FASTag feature, users can choose among 17 operators and enter the vehicle registration number and FASTag top-up amount, which can be anywhere between Rs 100 to Rs 10,000 worth of Bitcoin.

source @yourstory

While it is fascinating to witness the growing adoption of bitcoin in a country that hasn't yet fully legalized bitcoin, I still see some issues with the news you've provided a link to. After reading the article, it became clear that you have to use unnecessary intermediaries to pay highway tolls. For example, you have to trust Unocoin Wallet with your bitcoins (please note, they stop being yours after you handed them over to a third party) because they will have full control over private keys unlocking bitcoins on your balance. This means you are not using bitcoins here, at least you are not using them directly for payments. Bitcoin was meant to minimize counterparty risk or avoid it completely, but in the case of Unocoin Wallet, the risk still exists. It doesn't matter how reputable this exchange is or how long it is on the market, it will freeze your funds should the Indian government changes their mind and banned bitcoin entirely. Moreover, why spend bitcoin on small payments if you can easily pay your bills with fiat?

Yes, I know that many here on the forum dream of Bitcoin being massively adopted with everyone having their own private keys, without using custodial services and taking great care of privacy, but it seems to me that this is not going to be the case. If the majority of people move to using it, they are not going to do it like the tech savant on the forum.

Anyway, I also think this is good because popularizes Bitcoin on a day-to-day basis and helps mass adoption, albeit with third parties, but the OP could have already put the country in which country this happens in the title.

noorman0

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It is not a direct bitcoin payment system, the Unocoin company in this case will fund the customer's toll fee in Rs (INR) where the customer has to pay a certain amount of bitcoin to the Unocoin wallet beforehand (swap to pay). But it can be said that this is an example of a solution mechanism for other payments/bills and can be applied in countries that only legalize bitcoin as an investment asset.

witcher_sense

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Quote from: bnntalk on September 21, 2021, 09:33:02 PM

Here is really a good news for us .With the new FASTag feature, users can choose among 17 operators and enter the vehicle registration number and FASTag top-up amount, which can be anywhere between Rs 100 to Rs 10,000 worth of Bitcoin.

source @yourstory

While it is fascinating to witness the growing adoption of bitcoin in a country that hasn't yet fully legalized bitcoin, I still see some issues with the news you've provided a link to. After reading the article, it became clear that you have to use unnecessary intermediaries to pay highway tolls. For example, you have to trust Unocoin Wallet with your bitcoins (please note, they stop being yours after you handed them over to a third party) because they will have full control over private keys unlocking bitcoins on your balance. This means you are not using bitcoins here, at least you are not using them directly for payments. Bitcoin was meant to minimize counterparty risk or avoid it completely, but in the case of Unocoin Wallet, the risk still exists. It doesn't matter how reputable this exchange is or how long it is on the market, it will freeze your funds should the Indian government changes their mind and banned bitcoin entirely. Moreover, why spend bitcoin on small payments if you can easily pay your bills with fiat?

zanezane

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Not a lot will use this feature but eventually people will use it because they will get curious and they will eventually try it out and if they find that it's for them then we will see them using it. I think this is a good way to speed up the adoption process of bitcoin because people are driving cars and they will see this stuff and when people see stuff, they will remember.

michellee

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I think that is a good way to introduce bitcoin to people to use bitcoin to pay highway tolls as Unocoin (one of India's crypto exchanges) announces a new app feature that allows users with FASTag accounts to public. At least, it could bring more options to people in India or Bengaluru to pay highway tolls using bitcoin and keep their cash for the other things. More good news like that will be announced in a certain country and soon, it will happen to other countries as bitcoin becomes more popular nowadays.

pealr12

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Quote from: peter0425 on September 21, 2021, 10:20:51 PM

Quote from: bnntalk on September 21, 2021, 09:33:02 PM

Here is really a good news for us .With the new FASTag feature, users can choose among 17 operators and enter the vehicle registration number and FASTag top-up amount, which can be anywhere between Rs 100 to Rs 10,000 worth of Bitcoin.

source @yourstory

I'm not use clicking links from Newbies so which country implemented this? don't tell me El Salvador again lol.

This is one good thing for Bitcoin supporters and also the whole market of crypto as another step for worldwide adoption is coming.

i don't know if which country FASTag is being operating but in my country we can transact using fiat only though our local wallet supports bitcoin conversion to fiat to engaged in this kind of payment.

And you will rather post incorrectly before checking the source because you don't click link from newbies, instead of guessing so much just to fill your post it won't take more than a second to click the link and see the country which implemented it, you just spam post without any reasonable information.

peter0425

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Quote from: bnntalk on September 21, 2021, 09:33:02 PM

Here is really a good news for us .With the new FASTag feature, users can choose among 17 operators and enter the vehicle registration number and FASTag top-up amount, which can be anywhere between Rs 100 to Rs 10,000 worth of Bitcoin.

source @yourstory

I'm not use clicking links from Newbies so which country implemented this? don't tell me El Salvador again lol.

This is one good thing for Bitcoin supporters and also the whole market of crypto as another step for worldwide adoption is coming.

i don't know if which country FASTag is being operating but in my country we can transact using fiat only though our local wallet supports bitcoin conversion to fiat to engaged in this kind of payment.

pealr12

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This is more good news to the btc adoption process, everyday different business, companies, institutions, etc are accepting the use of btc as a payment option, something the btc community have been looking forward to, I hope it will be of great benefit to users of this service especially the btc loving fans and also bring exposure to the non btc loving fans.

bnntalk

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Here is really a good news for us .With the new FASTag feature, users can choose among 17 operators and enter the vehicle registration number and FASTag top-up amount, which can be anywhere between Rs 100 to Rs 10,000 worth of Bitcoin.

source @yourstory

Topic: Now you can pay highway tolls using Bitcoin - page 2. (Read 196 times)